Wednesday, August 13, 2014

As the market of Smartphone grows and more and more stock traders own a Android based smartphone. Hence I found it would be good to list down top rated android apps for Indian Stock markets and share market trading. Some of the apps are very authentic and genuine as they are backed/owned by strong Financial Institutions themselves. I have divided these apps based on the functionality and order of user based ratings they get on Google's playstore. Majority of the apps are free to use(with limited functionality), You can also purchase some of the apps though. I will not give app review here but post a link from the app review section of play store, This would help more to the newbies as they would get authentic/unbiased reviews of thousand of app users(rather then just my review alone)

Android apps for Mobile Share Trading and tips:

1. NSE Mobile trading app : NSE Mobile Trading system provides a revolutionary application suite featuring comprehensive trading and market monitoring platform. We offer real time streaming quotes, with simple and user friendly interface for all type of users. It provides the freedom to trade hassle free anywhere and at any time.User Rating - 4.3, with 3289/5486 5 star ratings so nearly 60 percent of users give it 5 stars, which is actually quite good. On the flip side it has got rating of 2 star or less 525 times, which translates to < 10 percent of all ratings. So NSE's Mobile trading app is something which one must try.
For using this app - ** User ID and Password shall be provided by your NSE registered Trading Member. Kindly call 1800 22 0052 (Toll Free) for assistance **

2. ICICI Direct mobile trading : This is offcial android based mobile app of ICICIdirect.com . Although this app has average rating of 3.7 only(which is actually not too bad), definitely it doesnot come in top ratings. ICICIdirect.com offers 3-in-1online trading platform that links your banking, trading and demat accounts, ensuring unmatched convenience for customers.
Main features of ICICI mobile trader app are as follows:
Trade in Equity
Trade in Futures&Options
Track your portfolio
Get stock quotes
Place order
Get live research calls
Track Market movement and lots moreUser rating - 3.7:
, with 848/2017 5 star ratings which translates to mere 40 percent of all ratings. But still since it is backed by ICICI group, one can atleast try it once for checking themselves.

3. Kotak Stock Trader : Kotak Stock Trader app - a unique stock trading mobile based application for Android that lets you trade, view latest quotes, track portfolio and market movements, analyse market trends, get live research calls, and do much more instantly. The Kotak Stock Trader mobile trading app provides you with the right tools to keep up with India's biggest stock exchanges - the BSE and the NSE.
Features of Kotak stock trader app:
• Trade in Stocks, Derivatives & Currency Derivatives
• Place orders. Modify or Cancel pending orders
• Check available margin in the account
• Check available funds, Order status and day's positions
• Track Live Market movements by viewing the levels of Sensex & Nifty
• Get Market and Indices updates
• Trade in Futures & Options - Track equity and index derivatives
• Track your portfolio performance
• View Intraday Charts - Stay on top of the Nifty and Sensex Updates
• Get Customizable as well as predefined watchlists
• Get stock quotes - Live feeds ensure the fastest quotes
• Get stock tips from market experts

User rating 4.1: This app has got 1356/2635 5 star ratings which is slightly more then 50 percent, again not good at all, however improvements in app are bound to happen based on user feedback.

4. Trade on Mobile - HDFC securities: It is probably worst rated app of all. Some of the features of this app as listed by HDFC securities are as follows:
Trade on Mobile app enables you to access and trade in Indian Stock markets anytime and from anywhere. This app is introduced to you by HDFC Securities Ltd. – pioneer in Online trading and Mobile trading in India.
The app empowers clients with HDFC Securities trading account to:
Place order in Equities & Derivatives
Get Stock Quotes
Create Multiple Personalized Market watch
Place off-market orders
Track Market MovementsUser rating - 3.3: It is a very poor rated app and may be one should shy away from using it. certainly not recommended based on user reviews.

5. BSEIndia Mobile app: It is offcial android app of Bombay Stock Exchange and can be used free of cost for checking live stock prices. It is basically a live stock info app and not a mobile day trading app.
Following are major features of this app:The features of BSE India app include
• S&P BSE SENSEX Graph & Heat Map
• Streaming Quotes for Sensex Stocks
• Get Quote
• Indices Watch
• Gainers, Losers, Top turnover, 52 Week high / lows
• BSE SME Platform quotes
• Equity Derivatives streaming quotes
• Currency Derivatives & Interest Rate Derivatives streaming quotes
• Create own Watchlist to track Stocks, Derivatives & Currency
• Corporate Announcements & Corporate Actions
• Supports Multiple Languages - Hindi, Gujarati, MarathiUser rating - 4.1: BSE India's android app has a decent user rating of 4.1 from 2750 ratings. Almost 50 percent of ratings are 5 star and ratings of 2 or less is about 10 percent of total ratings.
So these are top 5 apps on play-store and hope this list helps in making it easier for you to choose one of them. NSE mobile trading app is rated the best and HDFC securities app is worst rated of all.
HAPPY TRADING!!

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